Brief: Sysco To Acquire Jetro Restaurant Depot To Expand Into Higher-Margin, Growing, And Resilient Cash & Carry Channel

Sysco

30/03/2026 14:30

March 30 (Reuters) - Sysco Corp SYY.N:

SYSCO TO ACQUIRE JETRO RESTAURANT DEPOT TO EXPAND INTO HIGHER-MARGIN, GROWING, AND RESILIENT CASH & CARRY CHANNEL

SYSCO OUTLOOK FY SALES GROWTH 3-5%

SYSCO - DEAL ENTERPRISE VALUE ABOUT $29.1 BLN OR 14.6X OPERATING INCOME

SYSCO: REAFFIRMS FULL YEAR 2026 GUIDANCE; Q3 2026 USFS LOCAL VOLUME GROWTH OF OVER 3.0%

SYSCO - TO FUND CASH PORTION WITH $21 BLN NEW DEBT AND $1 BLN CASH, EQUITY

SYSCO - PAUSES SHARE REPURCHASE PROGRAM, TO REDUCE NET LEVERAGE BY AT LEAST 1.0X IN 24 MONTHS

SYSCO - COMBINATION EXPECTED TO REALIZE $250 MLN ANNUALIZED NET COST SYNERGIES WITHIN THREE YEARS

SYSCO: EXPECTS DEAL TO BE MID TO HIGH SINGLE-DIGIT ACCRETIVE TO EARNINGS PER SHARE IN FIRST YEAR AFTER CLOSE

SYSCO - JETRO RESTAURANT DEPOT SHAREHOLDERS TO OWN 16% OF SYSCO POST-CLOSE

SYSCO: EXPECTS DEAL TO BE LOW TO MID-TEENS ACCRETIVE IN SECOND YEAR AFTER CLOSE

SYSCO: COMPANIES DO NOT ANTICIPATE WORKFORCE REDUCTIONS AS A RESULT OF DEAL

Source text: ID:nGNXbxvMXz

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